Parliament passes Mines and Minerals Amendment Bill, 2016

Posted on:04 May 2016 11:53:14
Parliament passes Mines and Minerals Amendment Bill, 2016
04 May 2016 Current Affairs: Parliament has passed Mines and Minerals (Development and Regulation) Amendment Bill, 2016. The Bill amends the Mines and Minerals (Development and Regulation) Act, 1957. The amendment Bill was first passed in the Lok Sabha in March 2016 and later in the Rajya Sabha in May 2016. Key facts Transfer of mining leases: The Bill provides for transfer of mining leases, which have been granted through procedures other than auction and where minerals are used for captive purpose. This provision will allow for merger and acquisition of companies with captive mining leases.

Leased area: The also bill adds the definition of leased area as the area within which mining operations can be undertaken. This will also include the non-mineralised area required and approved for the activities defined under Mines Act 1952.

Monthly Current Affairs

Current Affairs Section

Daily Current Affairs Quiz

Subscribe to Current Affairs

Enter your email to get daily current affairs

Current Affairs October 2017

24 OCTOBER
NEWS
23 OCTOBER
NEWS
22 OCTOBER
NEWS
21 OCTOBER
NEWS

Current Affairs September 2017

30 SEPTEMBER
NEWS
28 SEPTEMBER
NEWS
27 SEPTEMBER
NEWS
26 SEPTEMBER
NEWS

Current Affairs August 2017

31 AUGUST
NEWS
30 AUGUST
NEWS
29 AUGUST
NEWS
28 AUGUST
NEWS